I support a VAT, in addition to our existing taxes.
Why? Because we are now spending well over a trillion dollars more than we collect in taxes EVERY YEAR. That will (and must) lead this country to economic collapse.
The debt is being piled on to MY KIDS (and even their kids, when they have them). Is this fair??? NO!!! My kids had NOTHING to do with this mess - they are not even old enough to vote. But today’s seniors are DEMANDING and TAKING their money, when they start working - to pay for their welfare (they call it Social Security and Medicare, but it’s welfare, since they’re stealing it from working people).
So let’s get a bit closer to pay-as-you-go and have a VAT. If old people DEMAND WELFARE and have the votes to get it, then fine - let them take it from today’s workers, NOT MY KIDS. My kids have their own lives to live and their own retirements to worry about, and they DESERVE a shot at it. As things stand, that is being robbed from them, every day this goes on.
New taxes won’t be applied to any of the debt or deficit. New taxes will be used to justify even more spending. The politicians will be lining up and figuring up all kinds of ways to spend any new revenues.
Why not cut spending, "BobL"?
Why do we have to keep taking more money from more people? Why can't we cut spending, "BobL"?
You list Medicare and Social Security as “welfare”. Millions of people have been forced to pay into those two programs. You leave out Medicaid. Now that IS “welfare”. The same people who have paid into the Social Security and Medicare funds have also paid the taxes to support Medicaid. Most of the recipients of Medicaid haven’t paid a penny into the system. You should be ashamed to call Medicare and Social Security “welfare”.
“A bit” is right. It would only go an infinitesimal smidgen toward balancing the budget, and likely any benefit would be crowded out by the resulting economic contraction.
You’re on the wrong site, Bunky.
It’s interesting how you focus on the “old people” who have dumped their tax dollars down the government toilet their whole working lives, rather than focus on the moochers, deadbeats, and parasites who comprise the Democrat party base.
You focus on the “old people” who have dumped their tax dollars down the government toilet their whole working lives rather than on the rampant waste and corruption of intrusive, big thug government.
You focus on the “old people” who have dumped their tax dollars down the government toilet their whole working lives rather on than the illegal aliens who gobble up more and more from working Americans every year.
Take a hike you stinking troll, and take your VAT and the rest of your taxes with you.
VAT is better than progressive income taxes because everyone pays it rather than 50% getting a free ride. But it should not be an additional tax. For every $1 more in new taxes, the government spends $2. A new VAT income stream isn't going to be any different.
Machines already do most of the work and wealth creation, and paying off debt. With robots that percentage is going way up. Your kids won't need to lift a finger. Their biggest challenge will be to avoid becoming human pets on food stamps, because pets are easily disposed of when their leaders lose interest in taking care of them.
eliminate all welfare, food stamps, housing payments, free medical care and we have too high a tax rate now!!!
I don’t owe those leaches one damn cent!
Why not a VAT on food. That way only those who eat will have to pay it.